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he talked about lowering the deficit in half, not redistributing wealth. and not, as he said, hurting the taxpayer and gtting rid of broad and things like that. i think these economists look at numbers and they see reality, they featu $6 trillion in debt. and they figure it is time to move on. neil: having said that, they seem to have crunched the numbers and looked on the weakness of this recovery and concluded maybe a fresh start is in order. but doesn't factor in a smart money angle that we are missing? smart money seems to be saying that there is not mh money for this recovery to be had. >> will look at their records. we have president obama who hasn't had any experience in the private sector and we have governor romney who does understand. america, yes, we do need a ceo in chief. we also need someone who understands that the business leadership to be able to broker and work in washington where there is a lot of polarized politics. governor romney is adjusting licies that democrats and republicans can agree. we need to simplify the tax code, we need to
he talked about lowering the deficit in half, not redistributing wealth. and not, as he said, hurting the taxpayer and gtting rid of broad and things like that. i think these economists look at numbers and they see reality, they featu $6 trillion in debt. and they figure it is time to move on. neil: having said that, they seem to have crunched the numbers and looked on the weakness of this recovery and concluded maybe a fresh start is in order. but doesn't factor in a smart money angle that we...
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Oct 1, 2012
10/12
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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Sep 26, 2012
09/12
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is going to bring the deficit down. of course he did not. he doubled it. he said we would get more people working. his plan is another stimulus. how did that first one to go? how about a hundred billion dollars? how much of that did you get? clunkers. he has won a new idea. one thing he did not do. he said he will do in the next four years. he said he will raise taxes. for anyone -- does anyone think raising taxes will help the economy? >> an el. >> the status quo has not worked. we cannot afford four more years of barack obama. his plan and his approach says, fundamentally, the government knows better than you, how to live your life, how to pick winners and losers. how to pick products that have a future. that a group of bureaucrats, of a real smart people working hard, good people at work in washington, but he has the few that somehow know better. so he is going to put them in the most important or one of the most important relationships that you have, the one between you and your doctor. he is going to put government between their if he has his way. he
is going to bring the deficit down. of course he did not. he doubled it. he said we would get more people working. his plan is another stimulus. how did that first one to go? how about a hundred billion dollars? how much of that did you get? clunkers. he has won a new idea. one thing he did not do. he said he will do in the next four years. he said he will raise taxes. for anyone -- does anyone think raising taxes will help the economy? >> an el. >> the status quo has not worked. we...
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Oct 3, 2012
10/12
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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Sep 26, 2012
09/12
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over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a fat guy tweaking. >> do we even know what kind of dog? >> dana: i don't really -- >> eric: talk walking down the street -- >> greg: who speaks for eaten dog. >> bob: good example of -- do go ahead. >> eric: to give you an example. okay. so -- [over talking ] under president obama whic thiss what we have gotten. $100, economic activity. it cost us $3 trillion. $300 in debt. but to get $300 in debt, you have to spend $700. you have to spend $700 to get the $100 economic activity under president obama. >> kimberly: don't give that to bob. >> eric: give me a
over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a...
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Sep 30, 2012
09/12
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for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people training, making sure that this still fits what was described by others before me. that is one example. the second example, which has more to do with medium-term and long-term is the series of reforms within place in many of the euro area member states. stronger competition authorities for those professions in other places as well. that is what i mean by growth- friendly measures. short-term for some, no medium terms in results, consequences, or affects. >> a big extension of that, what is your sense of how long it will take those stressful measures of the type the mentioned to pay off? especially in terms o
for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people...
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Sep 30, 2012
09/12
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? -- how can that be right? the average income of those folks is $8.4 million the year. -- per year. they do not need a tax cut. that what? -- guess what? middle-class families need a a hand up. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney ha
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Sep 30, 2012
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world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion spending. >> february 2009 that president obama doesn't want to take any credit for but it passed six months. >> he signed it into law. the stimulus was huge. he signed a spending bill shortly before in the spring of 2009. but even in the beginning of 2009 where he wants to throw it on all on president bush. this is when president obama was in senate. he voted for tarp. he had voted for the budget resolution that year. so he really has a hand in all of this spending. saw in that graph the big spike was in that year. >> let's take a look at spending numbers. spending tra
world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830 billion...
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Sep 25, 2012
09/12
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i believe we can lower the deficit and debt, but we will not do it, we should not do it, we cannot do it at the expense of the important programs for seniors. >> welcome, everybody. thank you for coming out today. i want to give a big thanks to the missouri press association and giving me a chance to introduce myself to the misery and people. like many of you, i am tired of the constant fighting of republicans and democrats. beating the other team has become more informed than finding solutions to american's problems. america is on the verge of a financial collapse, and both parties are to blame with the reckless borrow, taxes and spend parties. for as long as i can remember, and most of you as well, republican and democrat politicians have offered up solutions, but america's problems have only gotten worse. higher and higher taxes. more intrusions in your business and personal life. enough is enough. i will stand up for your personal freedom. i will stand up for marriage equality, legalization of marijuana. i am fiscally responsible. i want the government to be a good steward of your
i believe we can lower the deficit and debt, but we will not do it, we should not do it, we cannot do it at the expense of the important programs for seniors. >> welcome, everybody. thank you for coming out today. i want to give a big thanks to the missouri press association and giving me a chance to introduce myself to the misery and people. like many of you, i am tired of the constant fighting of republicans and democrats. beating the other team has become more informed than finding...
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Sep 30, 2012
09/12
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. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the biggest deficit in american history? >> it wasn't the biggest and he didn't inherit it. world war ii had bigger deficits. he didn't really inherit it. he helped create it. 2009 was the first year in office and especially something he doesn't seem to want to remember, stimulus $8000 billion. >> paul: as a share of the economy it was 3.2%. it did balloon to 10.1% in 2009. i would give president bush some credit for that because in fact the recession had started. the recession for his first six months of his term. what you are saying there is a thing called $830
. >> i inherited the biggest deficit in our history. over the last four years, the deficit has gone up but 90% is a consequence of two wars that weren't paid for, as consequence of tax cuts that weren't paid for. a prescription drug plan that wasn't paid for and worst economic crisis since the great depression. that accounts for 10% for the increase in the deficit. >> we asked editor james free man to run the numbers. so let's take these one by one. did president obama inherit the...
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Oct 3, 2012
10/12
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mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on middle class families. >> if this comes up and mitt romney starts to do that math that paul ryan wouldn't do, i'm sure this will be a topic of discussion. >> how worried are you about the jobs report on friday? >> we face this ev
mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of...
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Sep 28, 2012
09/12
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five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >> right. >> i think now it's much clearer to people that these two things are related but they are quite separate and there are moments when balancing the budget or cutting spending on things like schools and public safety can actually make unemployment worse. i think something else important has happened, which is the health care law was very unpopular on election day back then. the health care law is gaining ground. and they were demobilized, the democrats last time. they are not demobilized this time. >> they were strutting around, the
five was the budget deficit. so no one's minimizing the importance of the deficit but there really is not a program that deals with the other four and they are using extreme measures and cutting up various entitlements and americans that want to deal with the deficit. >> i think what happened in 2010 and democrats in a way allowed this to happen is that the republicans succeeded in making the deficit a central issue and a stand in for people's economic worries across the board. >>...
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Sep 30, 2012
09/12
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why hasn't this become at least thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been set up for a vote and the budget has passed. was the budget i would have written? no, it was not quite as conservative. it was still a reasonable approach that puts us back on track to recovery. those budgets, of course, go where? to the senate. what happens when we send bills to the senate? they die. the budget saw in the senate and died. -- sat in the senate and died. that is the reason i am running for the senate. the senate cannot get anything done. it is the fed's rule of law that we are supposed to have a budget every year. i do not think the debt ceiling increase and another 10%, the sequestrat
why hasn't this become at least thbeginning of a serious discussion about reducing the federal deficit? >> it was the starting point and there were a lot of good ideas in that particular commission. what we really stuck with -- ultimately, you have to put the whole thing into a budget to make it work. you have to balance those different elements and saywhat is a reasonable approach? it is all but what -- like what if -- it is a little bit what like families have to do. the budget has been...
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Sep 30, 2012
09/12
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so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of this. for more on this, read my "washington post" column this week on cnn.com. >>> for eight years mahmoud ahmadinejad has come to the u.n. general assembly and every time he's caused controversy, making accusations. veiled threats. this year was different. it was mostly platitudes about world peace but he had plenty of sharp comments in a series of interviews. his conversation with me was his final one. perhaps his final one on the world stage. you see, iran's election law says he can't run again and elections are set for 2013. so i asked him about is
so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of...
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Sep 25, 2012
09/12
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you've got tout the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >> you know what a nuisance is to get through security. >> it will let you leave your shoes and belts on when you pass through checkpoints. >> this is the airport security we of all come to know, and not love. that is not what he had to do. he breezed through this new checkpoint in under two minutes. >> this is game changing amazing. >> airport security, it is called tsa pre-check. it allows a frequent fliers to be prescreened. dulles is the first airport to build a prescreening area. >> so far it is only the high level frequent-flier us who are invited to opt in. active-duty military. only a select airports and only for domestic travel. >> if you travel any more than twice a month, it is fantastic. >> i kept my shoes on like an adult. >> airlines like u
you've got tout the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobs in four years. i'm mitt romney and i approve this message. >> you know what a nuisance is to get through security. >> it will let you leave your shoes and belts on when you pass through checkpoints. >> this is the...
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Sep 30, 2012
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it was $200 billion deficit instead. and now we have a major question facing the american people as to whether we'll deal with this deficit and get it down for the sake of a healthy recovery. virtually every economic analysis that i've heard of, including the distinguished congressional budget office, which is respected by, i think, almost everyone, says that even with historically high levels of economic growth, we will suffer a $263 billion deficit. in other words, it doesn't converge as the president suggests. it gets larger even with growth. what that means is that we will continue to have devastating problems with foreign trade. this is the worst trade year in american history by far. our rural and farm friends will have continued devastation. real interest rates -- the real cost of interest -- will remain very, very high, and many economists are predicting that we're moving into a period of very slow growth because the economy is tapering off and may be a recession. i get it down to a level below 2% of gross nation
it was $200 billion deficit instead. and now we have a major question facing the american people as to whether we'll deal with this deficit and get it down for the sake of a healthy recovery. virtually every economic analysis that i've heard of, including the distinguished congressional budget office, which is respected by, i think, almost everyone, says that even with historically high levels of economic growth, we will suffer a $263 billion deficit. in other words, it doesn't converge as the...
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Sep 27, 2012
09/12
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next, we've got to balance the budget you've got to cut the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobobs in four years. i'm mitt romney and i approve this message.
next, we've got to balance the budget you've got to cut the deficit. you've got to stop spending more money than we take in. and finally champion small business. have tax policies, regulations, and healthcare policies that help small business. we put those in place; we'll add twelve million new jobobs in four years. i'm mitt romney and i approve this message.
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Sep 27, 2012
09/12
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he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23 million giving up looking for work. you engage in personal attacks on your opponent. it's not going to work. i'll tell you why, it's not going to work because the failed economic record of this president, and it's not going to work because he's out of step with the values of mainstream perq. it doesn't how much they try to smear romney's faith, those personal attacks -- >> sean: he agree. >> when senator reid said this, and i don't think it was fortunate to say this, but when he said this about mitt romney's faith, we come after him, how come it was okay to for john b
he promised to cut the deficit at the end of his first term. he's blown a hole in the deficit large enough to drive a mack truck through. >> sean: i want to go to ralph's point here. this president said the republicans want dirty air and water, that mitt romney is pretty much a murderer, they want kids with autism, down syndromes and the elderly to fend for themselves. this president has never been asked why he said those things and why he believes them. >> it's simple. there's 23...
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Oct 1, 2012
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if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the book, what i attempt to do is take people to the presidents and leaders and tell you exactly because of the luxury of time and my publisher, simon & schuster, i declined to get the meeting notes to get the exact detail to interview president obama and speaker boehner and the key players in this. i just want to take one quick snapshot from what happened that we didn't know about, which is critical. when the cops pull up less when the president was upset, he called the congressional leaders on a saturday morning at 11:00 o'clock a.m. the democratic and republican leaders were trying to work out their ow
if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president biden's chief of staff, talking about the economic crisis in 2011, that's exactly what is going on. there is so much evidence that it is the biggest future. we are on the path becoming europe and greece. you just can't keep borrowing money. there is a stunning and fiction in this country, and we need some sort of we need some serious intervention. in the...
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Oct 1, 2012
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....
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mitt romney doesn't have a deficit plan. he has a plan to cut taxes for millionaires and billionaires. one thing that will be interesting wednesday if he'll finally explain how his math adds up. he has a $5 trillion tax cut, on top of a $5 trillion to extend the bush cuts, and another $2 trillion in defense spending that our leaders say they don't need. $8 trillion. he says he's not going to add to the deficit. if he's not going to add to the deficit, the middle class better watch out because they'll pay the burden if he is elected because the hole is just too big. and it will be interesting on wednesday. if he says he's not going to burden the middle class, then he's going to blow a hole in the deficit. >> will we see president obama here on "meet the press" before election day? >> well, there's 37 days left, so we'll stay in contact about it. >> all right. we hope to see him here. mr. plouffe, thank you. >> thank you, david. >>> coming up, what are the stakes for both campaigns? the roundtable will get into it. founder of
mitt romney doesn't have a deficit plan. he has a plan to cut taxes for millionaires and billionaires. one thing that will be interesting wednesday if he'll finally explain how his math adds up. he has a $5 trillion tax cut, on top of a $5 trillion to extend the bush cuts, and another $2 trillion in defense spending that our leaders say they don't need. $8 trillion. he says he's not going to add to the deficit. if he's not going to add to the deficit, the middle class better watch out because...
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Sep 26, 2012
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. >> another vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we took emergency actions. that accounts for 10% of this increase in the deficit. >> now the economy is front and center one week from tonight at the first presidential debate. two days later the president gets a september jobs report. interesting a moment ago he told the crowd he wants to export more jobs. quickly correcting himself and said he wants to export more products and joked i was channeling my opponent there. bret? >> bret: standing next to carl are you? it looks like carl's backdrop. ed henry -- >> very similar. >> bret: thank you very much. now to the international news. close circuit video o
. >> another vulnerability for the president may be the deficit. he promised to cut it in half by the end of his term but it's now topped $1 trillion for four straight years. the "new york times" cbs news poll found in ohio, romney has a slim four-point lead on the deficit. today, the "washington post" fact checkers gave the president four pinocchios for claiming on cbs' "60 minutes" 90% of the boost in deficit came from leftover bush policies. >> we...
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Sep 25, 2012
09/12
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the 2 trillion spending cut for the president is not cutting the deficit it's lowering the rate of deficit and whatever cuts they are, take place down the road. and i digress, the president doesn't mention obamacare. that simply isn't part of his campaign and yet, that's the major achievement, i thought, of his first term. why is he running away from that as well the debt? >> i don't think he's running away from either. the president's speech at the convention, today as a result of his policies. people can't be kicked off because of pre-existing conditions, there are no lifetime-- there are kids treated for cancer today because of his policy that would have-- because of his policies that would have been denied coverage just a year ago. so the reality is he's talked about the impact that the health care policy had and tremendously positive. in fact for a lot of americans. those who have to repeal it have to figure out what to say to the parents who are getting the treatment that wouldn't otherwise. stuart: and nancy pelosi, speaker pelosi says, everybody knows it, president obama is going t
the 2 trillion spending cut for the president is not cutting the deficit it's lowering the rate of deficit and whatever cuts they are, take place down the road. and i digress, the president doesn't mention obamacare. that simply isn't part of his campaign and yet, that's the major achievement, i thought, of his first term. why is he running away from that as well the debt? >> i don't think he's running away from either. the president's speech at the convention, today as a result of his...
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now is still part with its own deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month also about a million people onto the streets in barcelona as a call for independence away from madrid because of a very tough time for spain as a whole particularly for the government of prime minister rudd hoists as one m.p.'s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just stared through to a peace and ended in violence of police pushing back the protesters were being hit by battens having bullets fired in their direction and it's also about sixty people were injured in proceedings about thirty people be. detained that's a worrying sign as th
now is still part with its own deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month also about a million people onto the streets in barcelona as a call for independence away from madrid because of a very tough time for spain as a whole particularly for the government of prime minister rudd hoists as one m.p.'s dubbed it is a crisis on top of a...
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Sep 26, 2012
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we take the deficit seriously. we need to bring the deficit down so that companies can grow. >> again, i think that the whole politics and envy is a sad chapter in politics and i would only suggest that i would bring to the table. the president obama and ann mclane kuster idea -- the individuals with incomes of more than $200,000 per year, bringing to the table. i'll consider it. show me where he will cut that? >> okay, thank you so much for that. we will have 30 seconds for this round. we begin with you. >> do you think any changes are needed to benefit new hampshire's business community? >> what i have heard about mostly from the business community in terms of integration are the high-end technical employees that they would like to be able to talk about going to new hampshire. as well as, on the art or cultural sector, another is an issue about bringing in part-time work on the road in hopkinton, and i know we need to bring people in. but in general, i have not heard any immigration issues in new hampshire. i thi
we take the deficit seriously. we need to bring the deficit down so that companies can grow. >> again, i think that the whole politics and envy is a sad chapter in politics and i would only suggest that i would bring to the table. the president obama and ann mclane kuster idea -- the individuals with incomes of more than $200,000 per year, bringing to the table. i'll consider it. show me where he will cut that? >> okay, thank you so much for that. we will have 30 seconds for this...
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10/12
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spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for shares in the coming months. our markets correspondent has more from frankfurt. >> the ipo is a sign of hope for many traders. they are hoping for more ipos to come. 20% of the german mobile phone operator will soon be sold on the stock market according to its parent company. of the ipo process is planned to start as early as this week. all of this is good news for people in the trading floors because ipos only work when there is a certain not of confidence on the markets. a certain amount of reliability. with all of these new players on the stock market, many people here are hoping f
spain's overall deficit is expected to be well above the european union target. germany prospered largest insurance company has gone public. >> is the highest initial public offering late germany in about one-and-a-half years. the chief executive officer has run in a new era for the company. they have made over half a billion euros. he says the money will be used for consolidation and he is not planning any new acquisitions in the next two years. that ipo could be a hopeful sign for...
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debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass flow and sound money we'll hear from blogger author and radio host karl denninger of the market on that and while the budget plans of presidential candidates may not add up we already know the lack of government planning has the us poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting name and the right the side what exactly does this entailed one break down the potential damage and word on a day and give you a glaring example of the wasteful costs of political uncertainty all ready documented plus we have a potpourri of manufacturing data out some points to opposite directions for the u.s. and of flu of it points to negative. outcomes in europe now our guest will help us make sense of these ingredients and tell us why he thinks the u.s. recession is already baked into the cake let's get to today's capital account. so incumbent obama and. under mitt romney are getting ready to
debate can any amount of rhetoric fill the gaps in their deficit plans and where is the country headed without sound mass flow and sound money we'll hear from blogger author and radio host karl denninger of the market on that and while the budget plans of presidential candidates may not add up we already know the lack of government planning has the us poised for this. fiscal cliff looming the fiscal cliff it's looming gorged partisan politics could push america over of this cliff. but daunting...
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Sep 26, 2012
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what he's referring to the fact we're not going to let this increase the deficit. and so the growth in revenues as a result of the economic growth is going to pay for that in part, and we're also going to make the tax system flatter and fairer and simpler which is something else conservatives have wanted, which is also pro-growth. and that's the part the governor is emphasizing. >> he says don't expect any big tax cuts. first of all, you guys ought to pledge to the middle class those middle brackets. i'm not talking about the upper. the upper should lose their tax deductions and everything should be on the table. but i'm talking about the brackets that are around 15% to 28%, jim. that's where the take home is going to rise. you ought to say we're going to leave your deductions alone. we're going to take it out of the high of the upper income people because we're giving them a big tax cut. the middle class, he shouldn't even suggest they're going to be tax deductions. i wrote a column about this. i said use reagan's slogan. use reagan's slogan. all right. take-home
what he's referring to the fact we're not going to let this increase the deficit. and so the growth in revenues as a result of the economic growth is going to pay for that in part, and we're also going to make the tax system flatter and fairer and simpler which is something else conservatives have wanted, which is also pro-growth. and that's the part the governor is emphasizing. >> he says don't expect any big tax cuts. first of all, you guys ought to pledge to the middle class those...
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fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my plan. compare it to governor romney's,and decide for yourself. thanks for listening. i'm barack oma and i approve this message. >> you are watching abc 7 news at 5:00, on your side. >> today marks the tenures since the terrifying day when there was a shooting -- today marks 10 years since the terrifying day when there was a shooting. john allen muhammad his wife is telling a story. brad? >> yes alison, 10 years ago i stood in this spot. the second shooting took place at that gas pump. the police tried to figure out what on earth was going on with the so-called d.c. sniper. today, we had a chance t
fourth, a balanced plan to reduce our deficit by... four trillion dollars over the next decade, on top of the... trillion in spending we've already cut. i'd ask the wealthy to pay a little more. and as we end the war in afghanistan... let's apply half the savings to pay down our debt and... use the rest for some nation-building... right here at home. it's time for a new economic patriotism, rooted in the... belief that growing our economy begins with a strong... thriving middle class. read my...
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budget deficit. douglas you're going to text a living be jesus out of the middle class and that's the unfortunate reality is that there aren't enough rich people to tax to close the deficit you could tax all the rich people everyone over two hundred fifty thousand dollars at one hundred percent of their and then you'd still have a deficit so of course the problem with doing that is that the second year and nobody would make more than two hundred forty nine thousand dollars they'd all go to the beach toys for the rest of the year. and and that's the challenge that you have is that trying to use tax policy as a means of addressing overspending does not work and yet we have drivers of spending in this country specifically health care which is turf following monopoly protections built all throughout the system all of which wind up costing us ridiculous about somebody and then defense which we spend a crazy amount of money on in no small part because we have had our head in the sand for thirty five years
budget deficit. douglas you're going to text a living be jesus out of the middle class and that's the unfortunate reality is that there aren't enough rich people to tax to close the deficit you could tax all the rich people everyone over two hundred fifty thousand dollars at one hundred percent of their and then you'd still have a deficit so of course the problem with doing that is that the second year and nobody would make more than two hundred forty nine thousand dollars they'd all go to the...